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Demand for property in Midtown continued to be robust in Q3, according to a new report by CBRE. The company has sold £54M worth of property in Fitzrovia, Holborn, Covent Garden and Soho, reflecting an annual growth of 7% in average values.
During the quarter, CBRE reached the highest value sale recorded to date at £3,031/SF.
CBRE maintains a positive outlook for prime central London, forecasting growth of 25% over the next five years.
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